The first 30mins is "very easy" to test to determine if it merits you trading it or sitting on the sidelines. Simply, backtest your trade method for those first 30 mins trading session to determine if you're profitable or not profitable. Seriously, just backtest the past 5 years of the first 30 mins. Heck, you can even determine which months of the year are more suitable for trading the first 30 mins and which months of the year are not suitable. Yeah, the statistics you find won't be perfect in that it will tell you about the future but at least you'll know a little about the playground you're playing in via your trade method. Another way to look at it...if someone tells you that they skip the first 30 mins of the opening trading session...ask them what is there statistics when they trade such. If they can't give you an answer...they probably don't know what they're talking about. Just as important, if someone tells you they trade the first 30mins and its profitable for them....ask them what is their statistics when they trade such. I do remember first reading about the first 30 mins or the first 1 hour of the trading day. I first read about it during the early days of the dot com years and it involved trading stocks and all that OCO bracket trading stuff. Yet, by the late 90's, people was trying to apply it to trading futures...somewhere in there the 30min rule started to stick with traders. I just find so many questions about trading can be answered when a trader just does some simple backtesting instead of getting caught up in all the negativity or hyping of trade methods or caught up with generic rules from 10 - 30 years ago in different types of market conditions. Simply, just because it works for one person doesn't imply its gonna work for you and vice versa. This forum is full of proof about how two traders using the exact same trade method while trading the same trading instrument will have "different" results. Why ? The trader is the key because trading is part art and part science. P.S. Don't forget to compare your real money trading results versus your backtest results to determine how much of an impact "you as a trader" has on your trading results in the first 30mins trading session.
Wait a minute. You're showing what you WOULD do? What kind of bullshit is that? If you actually took the trades, show your damn chart with the platform that marked those trades, otherwise, you're full of shit like most people on here. Do you know how many posters from the past go on and on about trades the "type" of trades they take? If you really got 7.25 points up and 5.75 on the way down, this would be an incredible accomplishment. Yes, clearly in hindsight. Most traders have to take traders before they know there is a trend, and hence only some trades end up winners because the trend may or may not form. If you're waiting to see an established trend, then no way can a person get most of the move. The interesting thing about Friday is that price turned exactly 1 tick from the previous day low, which set up the long, and then 1 tick from the previous day high, which sets up the short. But it of course doesn't work as nicely as this on most days. So while you are boasting about these two excellent trades, why not add a disclaimer to say that many times the trades go nowhere, or you're stopped at BE or even stopped out because whatever limits of the range you expected to hold, don't.
You should read and watch the charts correctly. I took the trades at the prices I mentioned. As I marked them on 15 minute bars it means that in that bar I took the trade at the price mentioned. So I did not take top/bottom of that bar as insinuated by your other alias. Because the highs and the lows in the marked bars were not the prices I took the trades. I never give any specific proof or details as this is information that I would give away for free. And I would surely not give it to people like you. So you can insult me or try to provoke me but it will be useless. If you are waiting for my knowledge to become a profitable trader instead of a loser, you will have to wait long, very long... The last postings confirm that it was good not to show or proof anything anymore because of all the bashers on ET. There are apparently a lot of desperate people on ET who's only option is to try to steal their missing knowledge from other traders. About the hindsight. The only way to show a trend is in hindsight as the trend should be visible before you can show him. Invisible trends are difficult to show. LOL. I am curious how long it will take now to read the following (idiotic) posting from a basher: "You should be the richest man on earth."
I don't have another alias. Did you ever consider that perhaps there is more than one person here who found your chart a bit hard to believe? So you would charge for this information?? LOL... This is getting even better. Wow, do you actually think you have shared anything useful? There is nothing to steal to from you. A discretionary trader, which is what you appear to be, has most things in his head. Many trades that a discretionary trader takes don't work out. The exiting of traders, and re-entering, and doing this over and over again, at their discretion, is how money is made. Showing a few real trades on a chart doesn't in any way give anything away. The fact that you think someone is trying to steal anything from you because you somehow have the secret sauce is a joke.
Keep on fishing... LOL. After a few trades the remarks will be like: not enough to proof your point your were lucky postings are fake etc... I don't feel the need to proof anything. I am happy with my trading, that's all that counts. Your opinion is irrelevant to me. Like anybodies opinion...
Everybody who makes consistently money in the long term has an edge. Most have a small edge( if they have at least an edge, which most do not) , some have a big edge.